商业银行管理彼得S.罗斯英文原书第8版-英语试题库ch2.docx

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1、ch2Student:1. The was created as part of the Glass-Steagall Act. In the beginning itinsured deposits up to $2,500.2. The is the law that states that a bank must get federal approval inorder to combine with another bank.3. One tool that the Federal Reserve uses to control the money supply is. TheFede

2、ral Reserve will buy and sell T-bills, bonds, notes, and selected federal agency securities when they are using this tool of monetary policy.4. The was created in 1913 in response to a series of economicdepressions and failures. Its principal role is to serve as the lender of last resort and to stab

3、ilize the financial markets.44. The Gramm-Leach-Bliley Act of 1999 essentially repeals the Glass-Steagall Act passed in the 1930s.True FalsePassed in 1977, the Equal Credit Opportunity Act prohibits banks from discriminating against customers merely on the basis of the neighborhood in which they liv

4、e.True FalseThe tool used by the Federal Reserve System to influence the economy and behavior of banks is known as moral hazard.True FalseOne of the principal reasons for government regulation of financial firms is to protect the safety and soundness of the financial system.True False45. Banks are r

5、egulated for which of the reasons listed below?A. Banks are leading repositories of the publics savings.B. Banks have the power to create money.C. Banks provide businesses and individuals with loans that support consumption and investment spending.D. Banks assist governments in conducting economic p

6、olicy, collecting taxes, and dispensing government payments.E. All of the options are correct.46. An institutional arrangement in which federal and state authorities both have significant bank regulatory powers is referred to as:A. balance of power.B. federalism.C. dual banking system.D. cooperative

7、 regulation.E. coordinated control.47. The law that set up the federal banking system and provided for the chartering of national banks was the:A. National Bank Act.B. McFadden Act.C. Glass-Steagall Act.D. Bank Merger Act.E. Federal Reserve Act.48. The federal law that prohibited federally supervise

8、d commercial banks from offering investment banking services on privately issued securities is known as:A. the Glass-Steagall Act.B. the Bank Merger Act.C. the Depository Institutions Deregulation and Monetary Control Act.D. the Federal Reserve Act.E. None of the options are correct.49. The Gramm-Le

9、ach-Bliley Act (Financial Services Modernization Act) calls for linking the government supervision of the financial-services firm to the types of activities that the firm undertakes. For example, the insurance portion of the firm would be regulated by state insurance commissions and the banking port

10、ion of the firm would be regulated by banking regulators. This approach to government supervision of financial services is known as:A. consolidated regulation and supervision.B. functional regulation.C. government reregulation.D. umbrella supervision and regulation.E. None of the options are correct

11、.50. The Federal Reserve policy tool under which the Fed attempts to bring psychological pressure to bear on individuals and institutions to conform to the Feds policies using letters, phone calls, and speeches is known as:A. margin requirement.B. moral suasion.C. discount window supervision.D. conf

12、erence and compromise.E. None of the options are correct.A. the Glass-Steagall Act.B. the Federal Deposit Insurance Corporation Improvement Act.C. the National Bank Act.D. the Riegle-Neal Interstate Banking and Branching Efficiency Act.E. None of the options are correct.55. Of the principal reasons

13、for regulating banks, what was the primary purpose of the National Banking Act (1863)?A. Separation of commercial and investment bankingB. Separation of commercial banking and insurance activitiesC. Chartering new banks and examining existing onesD. Establishment of a network to clear and collect ch

14、ecksE. Preventing banks from realizing monopoly powersOf the principal reasons for regulating banks, what was the primary purpose of the Federal Reserve Act of 1913?A. Establishment of a network to clear and collect checksB. Control of the money supplyC. Preventing banks from realizing monopoly powe

15、rsD. Ensuring an adequate and fair supply of loansE. None of the options are correct.56. The law which lifted government deposit interest ceilings in favor of competitive interest rates is:A. the National Bank Act.B. the Glass-Steagall Act.C. the Bank Merger Act.D. the Depository Institutions Deregu

16、lation and Monetary Control Act.E. None of the options are correct.57. The law that allows banks to affiliate with insurance companies and securities firms to form financial services conglomerates is:A. the National Bank Act.B. the Glass-Steagall Act.C. the Garn-St Germain Depository Institutions Ac

17、t.D. the Riegle-Neal Interstate Banking Act.E. the Gramm-Leach-Bliley Act (Financial Services Modernization Act).58. Of the principal reasons for regulating banks, what was the primary purpose of the Consumer Credit Protection Act?A. Establish a network to clear and collect checksB. Control of the m

18、oney supplyC. Prevent banks from realizing monopoly powersD. Ensure that customers are aware of their rights and responsibilities under a loan agreement E. None of the options are correct.59. Which of the following is an unresolved issue in the new century?A. What should be done about the regulatory

19、 safety net set up to protect small depositors?B. If financial institutions are allowed to take on more risk, how can taxpayers be protected from paying the bill when more institutions fail?C. Does functional regulation actually work?D. Should regulators allow the mixing of banking and commerce?E. A

20、ll of these are unresolved issuesThe law that made bank and nonbank depository institutions more alike in the services they could offer and allowed banks and thrifts to more fully compete with other financial institutions is:A. the National Banking Act.B. the Federal Reserve Act.C. the Garn-St Germa

21、in Depository Institutions Act.D. the Riegle-Neal Interstate Banking and Branching Efficiency Act.E. the Gramm-Leach-Bliley Act (Financial Services Modernization Act).60. The act that allowed bank holding companies to acquire nonbank depository institutions and convert them to branches is:A. the Nat

22、ional Banking Act.B. the Garn-St Germain Act.C. the Financial Institutions Reform, Recovery and Enforcement Act.D. the Riegle-Neal Interstate Banking and Branching Efficiency Act.E. None of the options are correct.61. The equivalent of the Federal Reserve System in Europe is known as the:A. European

23、 Union.B. Bank of London.C. European Council.D. European Central Bank.E. Swiss Bank Corporation.62. As per the Gramm-Leach-Bliley Act, one of the ways through which a banking-insurance- securities affiliation can take place is through:A. a financial holding company.B. the state insurance commissions

24、.C. the European Central Bank.D. a financial service corporation.E. a financial modernization organization.63. The act which requires financial institutions to share information about customer identities with government agencies is:A. the Sarbanes-Oxley Act.B. the National Banking Act.C. the Garn-St

25、 Germain Depository Institutions Act.D. the USA Patriot Act.E. the Gramm-Leach-Bliley Act.64. The 1977 act that prevents banks from redlining certain neighborhoods, refusing to serve those areas is:A. the National Banking Act.B. the Garn-St. Germain Act.C. the Financial Institutions Reform, Recovery

26、 and Enforcement Act.D. the Riegle-Neal Interstate Banking and Branching Efficiency Act.E. the Community Reinvestment Act.65. Common minimum capital requirements on banks in leading industrialized nations that are based on the riskiness of their assets is imposed by:A. the National Banking Act.B. th

27、e Financial Institutions Reform, Recovery and Enforcement Act.C. the International Banking Act.D. the Basel Agreement.E. None of the options are correct.66. The fastest growing financial crime in the U.S. is:A. financial statement misrepresentation.B. bank robberies.C. individual privacy violations.

28、D. credit card fraud.E. identity theft.67. The oldest federal bank agency is the:A. Office of the Comptroller of the Currency.B. Federal Deposit Insurance Corporation.C. Federal Reserve System.D. state banking commission.E. state insurance commission.5. The McFadden Act and the Douglas amendment whi

29、ch prevented banks from crossing state lineswere later repealed by theThe policy of FDIC to levy fixed insurance premiums regardless of the risk involved, led to a/an problem among banks. The fixed premiums encouraged banks to accept greater risk.6. In 1980, the was passed, which lifted U.S governme

30、nt ceilings ondeposit interest rates in favor of free-market interest rates.7. One tool that the Federal Reserve uses to control the money supply is. The Federal Reserve will change the interest rate they charge for short-term loans when they are using this tool of monetary policy.8. The first major

31、 federal banking law in the U.S. was the. This law was passed during the Civil War and set up a system for chartering new national banks through the OCC.70. The federal agency that regulates the most banks is the:A. Office of the Comptroller of the Currency.B. Federal Deposit Insurance Corporation.C

32、. Federal Reserve System.D. state banking commission.E. state insurance commission.71. Which federal banking act requires that financial service providers establish the identity of customers opening new accounts?A. the Sarbanes-Oxley ActB. the USA Patriot ActC. the Check 21 ActD. the Fair and Accura

33、te Credit Transactions ActE. the Bankruptcy Abuse Prevention and Consumer Protection Act72. Which federal banking act prohibits publishing false or misleading information about the financial performance of a public company and requires top corporate officers to vouch for the accuracy of their compan

34、ys financial statements?A. The Sarbanes-Oxley ActB. The USA Patriot ActC. The Check 21 ActD. The Fair and Accurate Credit Transactions ActE. The Bankruptcy Abuse Prevention and Consumer Protection ActWhich federal banking act reduces the need for banks to transport paper checks across the country?A.

35、 The Sarbanes-Oxley ActB. The USA Patriot ActC. The Check 21 ActD. The Fair and Accurate Credit Transactions ActE. The Bankruptcy Abuse Prevention and Consumer Protection Act73. Which federal banking act forces more individuals to repay at least part of what they owe and will push higher-income borr

36、owers into more costly forms of bankruptcy?A. The Sarbanes-Oxley ActB. The USA Patriot ActC. The Check 21 ActD. The Fair and Accurate Credit Transactions ActE. The Bankruptcy Abuse Prevention and Consumer Protection ActWhich federal banking act requires the Federal Trade Commission to make it easier

37、 for victims of identity theft to file theft reports and requires credit bureaus to help victims resolve the problem?A. The Sarbanes-Oxley ActB. The USA Patriot ActC. The Check 21 ActD. The Fair and Accurate Credit Transactions ActE. The Bankruptcy Abuse Prevention and Consumer Protection Act74. The

38、 allows adequately capitalized bank holding companies to acquire banks in anystate.A. Riegle-Neal Interstate Banking and Branching Efficiency ActB. Competitive Equality Banking ActC. Financial Institutions Reform, Recovery and Enforcement ActD. Federal Deposit Insurance Corporation Improvement ActE.

39、 Depository Institutions Deregulation and Monetary Control ActOne of the earliest theories regarding the impact of regulation on banks was developed by George Stigler. He contends that:A. firms in regulated industries actually seek out regulations because they bring monopolistic rents.B. regulations

40、 shelter firms from changes in demand and cost, lowering its risk.C. regulations can increase consumer confidence which increases customer loyalty to regulated firms.D. depository institutions should be regulated no differently than any other corporation with no subsidies or special privileges.E. No

41、ne of the options are correct.75. Samuel Peltzman had a different view to George Stigler on the impact of regulation on banks. He contends that:A. firms in regulated industries actually seek out regulations because they bring monopolistic rents.B. regulations shelter firms from changes in demand and

42、 cost, lowering its risk.C. regulations can increase consumer confidence which increases customer loyalty to regulated firms.D. depository institutions should be regulated no differently than any other corporation with no subsidies or special privileges.E. None of the options are correct.76. There i

43、s an important debate raging today regarding whether banks should be regulated at all. George Benston contends that:A. firms in regulated industries actually seek out regulations because they bring monopolistic rents.B. regulations shelter firms from changes in demand and cost, lowering its risk.C.

44、regulations can increase consumer confidence which increases customer loyalty to regulated firms.D. depository institutions should be regulated no differently than any other corporation with no subsidies or special privileges.E. None of the above options are correct.77. The European Central Bank has

45、 the main goal of:A. ensuring that commercial and investment banks are separated.B. keeping unemployment low.C. ensuring price stability.D. ensuring an adequate and fair supply of loans.E. All of the above options are correct.78. Which of the following has become the principal tool of central bank m

46、onetary policy today?A. Open market operationsB. Functional regulationC. Umbrella supervision and regulationD. Margin requirementE. None of the options are correct.79. The Federal Reserve buys Treasury Bills in the open market. This w川 tend to:A. decrease the price of treasury bills.B. increase the

47、available for use funds with banks and dealers involved in the transaction.C. cause reserves held at the Federal Reserve to decrease.D. cause a decrease in the growth of deposits and loans.E. All of the options are correct.80. Which federal banking act extends deposit insurance coverage on qualified

48、 retirement accounts from $100,000 to $250,000 and authorizes the FDIC to periodically increase deposit insurancecoverage to keep up with inflation?A. The Sarbanes-Oxley ActB. The Gramm-Leach-Bliley ActC. The Check 21 ActD. The Fair and Accurate Credit Transactions ActE. The Federal Deposit Insurance Reform ActThe Financial Services Regulatory Relief Act of 2006:A. adds selected new service powers to depository institutions.B